The Federal Aviation Administration is seeking ways to speed up the approval process for commercial drone operations, but its efforts have been hindered by its lack of authority to review multiple applications on a group basis, the FAA chief said on Tuesday.

Venture capitalist John Doerr, credited with backing Amazon.com Inc (AMZN), Google Inc and many other technology companies, is set to testify on Tuesday in a gender discrimination trial involving his firm, Kleiner Perkins Caufield & Byers.

Apple (AAPL), Amazon (AMZN), Priceline (PCLN) and Starbucks (SBUX) have added $1 trillion in market value to the index since 2000. Finally-- after much anticipation, the Nasdaq Composite Index has closed above the 5,000 mark for the first time since March 2000, and it's very near its Internet bubble all-time closing high of 5048.62. Of course, that's still way short of its inflation-adjusted peak, which would require an additional gain of more than 2,000 points, as Lance Roberts of STA Wealth Management wrote...

Less than three months after U.S. and Cuban officials agreed to restore diplomatic ties, Amazon.com Inc (AMZN) appears to be laying the groundwork to ship packages to Cuba. A "ship to Cuba" button was seen on Monday on Amazon's (AMZN) website by Reuters correspondents in Havana.

Canadian entrepreneur and venture capitalist Roger Hardy said on Monday he is looking to take an online shoe retailing company public this year to tap investor appetite for e-commerce businesses. Hardy told Reuters by phone that he expects the company, which will be called Shoes.com Technologies Ltd, to record net revenue $250 million in 2015, with the United States contributing about 85 percent.

Telecom equipment maker Ericsson and chipmaker Intel (INTC) have agreed a partnership deal to help network operator customers build datacentres, putting them on a more competitive footing against big, cloud-based Internet firms such as Google, Facebook (FB) and Amazon.

Stock indexes aren't abstractions; they're about companies-- healthy ones, in this case. There's a lot of hand-wringing right now about the Nasdaq, which is finally nearing its bubble-era peak close of 5,048-- even as the 15th anniversary of the top that defined the Internet bubble arrives next week. But the Nasdaq is fine.

NEW YORK-- With a winning bid of $25 million, Google Inc. beat Amazon Inc. and others to control the top-level web domain ending ". app". The company won an auction Wednesday on ICANN, the nonprofit that oversees the Internet. The $25 million sum is the most paid so far in an ICANN auction, according to a spokesperson.

Managers underweighted many top performers, missing out on returns, notes Goldman Sachs. SAN FRANCISCO-- Large-cap mutual fund performance is lagging behind that of the S&P 500 so far this year but has more to do with the selection of individual stocks than with sectors. Stock selection in mutual funds so far this year has been poor with the average large-cap fund performance lagging the S&P 500 index by a few-tenths of a percentage point, according to a recent note from Goldman...

The following are the top stories on the New York Times business pages. * The Federal Communications Commission voted on and approved new rules to regulate broadband Internet service as a public utility, a milestone in regulating high-speed Internet service into American homes.

This is an updated version of a slide show first published in April 2014.. About 15 years ago, tech stocks started to come screaming back to earth after surging to sky-high peaks. These days, they're enjoying another upswing.

NEW YORK-- Investors aren't loving hedge-fund manager Eddie Lampert's plan to transform Sears Holdings Corp. (SHLD). The company plans to turn up to 300 stores into a real-estate investment trust in May or June and generate over $2 billion in proceeds. Investors also ignored the company's first fourth-quarter adjusted operating profit in two years.

NEW YORK-- Target (TGT) didn't even introduce a sitewide free-shipping offer till last summer, but it's already cutting in half-- to $25 from $50-- the purchase threshold. That move undercuts rivals including Amazon.com Inc. (AMZN) and Wal-Mart Stores Inc. (WMT). After taking back its website operation from Amazon (AMZN) in fall 2011, and having endured such episodes as a website crash during its Missoni for Target (TGT) launch, Target (TGT) has upped its online game and is, in the company's words, "taking bold steps to be an...

FCC votes in favor of net-neutrality regulations

WASHINGTON-- Amazon.com Inc. (AMZN) is turning to a veteran of the Obama administration to run its newly created global corporate-affairs department, the company confirmed Thursday. Politico and the Washington Post reported earlier Thursday that Jay Carney, a former White House press secretary, will join the e-commerce giant Monday. An Amazon (AMZN) spokesperson said in an email the department will include the company's existing public relations and public policy teams.

Amazon.com Inc (AMZN) has hired President Barack Obama's former spokesman Jay Carney as senior vice president for worldwide corporate affairs, Politico reported on Thursday. Carney stepped down as Obama's press secretary in June after more than three years in the high-profile job.

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